Asia Mining News

Chaarat Gold to buy polymetallic project as part of acquisition spree

Junior continues to pursue $800-million acquisition of Centerra Gold's Kumtor mine in Kyrgyzstan.

Shanghai rebar extends losses into 5th day after rally on output curbs

Shanghai rebar steel futures dropped nearly 1 per cent.

China's Baosteel H1 profit surges on firm steel prices, warns of trade dispute risks

Baoshan reported a 62.2 percent surge on first-half net profit on firm steel prices, but warned about the risks of trade protectionism in the second half.

POSCO to buy lithium mining rights in Argentina from Galaxy

The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.

World's top refiner Sinopec posts record profit as oil recovers

China Petroleum & Chemical Corp. said its half-year earnings jumped to the highest level on record as refining profits climbed.

'I was cheated' – Tales from the collapse of a commodity giant

A former Singapore civil servant recounts how he’s lost almost $36,600 in the implosion of Noble Group Ltd.

Floods hit festival gold buying in India

Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.

Surface mining truck fleets in Asia Pacific to grow by 2,200 new vehicles

The global market for surface mining trucks is expected to grow steadily to 2020, primarily driven by the growing demand from mining companies operating across the Asia-Pacific (APAC) region.

Centerra, Kyrgyz Gov’t delay completion of deal over Kumtor mine

Extension of the deadline, the fifth one so far this year, seeks reaching final agreement that would end long-running dispute over the country’s largest gold mine.

Western Australia junior gets 'conerstone' funding from Chinese battery manufacturer

Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.

World mine copper production up 5.7% in the first five months of 2018

Help from Latin America and Southeast Asia.

India's surging coal imports driven by captive power users: Russell

India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

Asia gold buyers snap up bargains as price dive revives demand

Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months.

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

Kaz Minerals surprises market with dividend, Russian copper project buy

The copper miner said it would pay a dividend of 6 cents per share, the first since 2012, when it began ramping up its two mines in Kazakhstan.

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

Seven die in Pakistan mine blast, six missing

A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise.

Trump escalates feud with Turkey, imposing higher metals tariffs

Trump's move sendsReut Turkey's lira currency deeper into tailspin

Global bauxite production to grow: Fitch

Fitch Solutions Macro Research states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India’s production ramps up, and existing projects in Guinea drive growth.

Glencore credits China's 'Blue Skies' program for strong H1

Protectionism could limit future growth.

Graphite: China’s H1 exports of natural graphite up 9% on previous year

Demand for spherical graphite continues to grow rapidly for use in the anodes of lithium-ion batteries.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

Sole supplier puts cobalt (and EV) market at risk: IEA

For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.

Russia's Rusal shuts down Nadvoitsky plant due to U.S. sanctions

Russia's Rusal is the world's largest aluminium producer outside China.